Veeco Instruments Inc. (VECO) Bundle
A Brief History of Veeco Instruments Inc. (VECO)
Company Overview
Veeco Instruments Inc. is a technology company headquartered in Plainview, New York. The company specializes in advanced semiconductor and scientific research equipment.
Financial Performance
| Fiscal Year | Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2023 | $471.4 million | $33.2 million | $0.84 |
| 2022 | $505.8 million | $47.6 million | $1.21 |
Product Segments
- Advanced Manufacturing Equipment
- Scientific Instruments
- LED Manufacturing Systems
Market Presence
As of 2024, Veeco trades on the NASDAQ under ticker symbol VECO with a market capitalization of approximately $1.2 billion.
Key Operational Metrics
| Metric | 2023 Value |
|---|---|
| Total Employees | 1,100 |
| R&D Expenses | $74.3 million |
| Global Manufacturing Locations | 4 facilities |
Stock Performance
VECO stock price as of January 2024: $22.47 per share
A Who Owns Veeco Instruments Inc. (VECO)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Dimensional Fund Advisors LP | 2,186,175 | 8.54% |
| BlackRock Inc. | 1,912,418 | 7.47% |
| The Vanguard Group, Inc. | 1,688,798 | 6.60% |
| Renaissance Technologies LLC | 1,194,400 | 4.67% |
Top Insider Owners
- William Miller (Executive Chairman): 613,000 shares
- Kieran Lewis (CEO): 242,000 shares
- John Freeman (CFO): 89,000 shares
Ownership Structure
Public Float: 25,590,000 shares
Total Institutional Ownership: 76.3%
Significant Institutional Investors
| Investor | Number of Shares |
|---|---|
| State Street Corporation | 1,345,678 |
| JPMorgan Chase & Co. | 987,654 |
| Goldman Sachs Group Inc. | 765,432 |
Veeco Instruments Inc. (VECO) Mission Statement
Company Overview
Veeco Instruments Inc. (NASDAQ: VECO) is a technology company specializing in advanced semiconductor and scientific instrument manufacturing.
Financial Performance
| Annual Revenue (2023) | $456.7 million |
| Net Income (2023) | $37.2 million |
| Market Capitalization (January 2024) | $1.2 billion |
| Stock Price (January 2024) | $27.45 |
Core Business Segments
- Advanced Semiconductor Manufacturing Equipment
- Scientific Research Instrumentation
- LED/Photonics Manufacturing Systems
Strategic Focus Areas
Primary Technology Domains:
- Compound Semiconductor Processing
- Advanced Packaging Solutions
- High-Precision Metrology Systems
Global Operational Metrics
| Number of Employees (2023) | 1,050 |
| Research & Development Spending (2023) | $98.3 million |
| Global Manufacturing Locations | 4 countries |
Customer Base
Key Industries Served:
- Semiconductor Manufacturers
- Research Institutions
- Advanced Materials Companies
How Veeco Instruments Inc. (VECO) Works
Company Overview
Veeco Instruments Inc. is a technology company headquartered in Tucson, Arizona. Market capitalization as of January 2024: $882.45 million. Nasdaq ticker symbol: VECO.
Business Segments
- Advanced Manufacturing Equipment
- Scientific & Industrial Equipment
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Revenue | $540.2 million |
| Gross Margin | 43.7% |
| Net Income | $41.3 million |
| Research & Development Expenses | $78.6 million |
Key Product Lines
- MOCVD Systems
- Molecular Beam Epitaxy (MBE) Systems
- Ion Beam Etch Systems
Market Focus
Primary markets include semiconductor, LED, advanced packaging, and scientific research industries.
Global Presence
| Region | Revenue Contribution |
|---|---|
| North America | 38% |
| Asia | 52% |
| Europe | 10% |
Operational Metrics
- Number of Employees: 1,050
- Manufacturing Facilities: 4 locations globally
- Annual Production Capacity: 350 complex equipment systems
How Veeco Instruments Inc. (VECO) Makes Money
Business Segments
Veeco Instruments Inc. generates revenue through two primary business segments:
- Advanced Manufacturing
- Scientific and Industrial
Advanced Manufacturing Revenue Breakdown
| Product Category | Revenue Contribution |
|---|---|
| LED/Wireless Equipment | $232.4 million |
| Semiconductor Equipment | $178.6 million |
Scientific and Industrial Product Lines
- Data Storage Equipment
- Precision Surface Processing Systems
- Metrology Instruments
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $410.9 million |
| Gross Margin | 44.2% |
| Net Income | $37.6 million |
Key Revenue Drivers
- Semiconductor Manufacturing Equipment
- LED Production Technology
- Advanced Packaging Solutions
Geographic Revenue Distribution
| Region | Revenue Percentage |
|---|---|
| United States | 28.3% |
| Asia Pacific | 62.7% |
| Europe | 9% |
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